Bangladesh Bank Raises Dollar Selling Rate By BDT 1| MENAFN.COM

Saturday, 28 January 2023 04:42 GMT

Bangladesh Bank Raises Dollar Selling Rate By BDT 1

(MENAFN- Bangladesh Monitor)

Dhaka: Bangladesh Bank increased the rate of dollars sold from its reserves by BDT 1 to BDT 99 on December 5.

In November, the central bank set the dollar selling rate at BDT 98, an increase of BDT 1 from BDT 97 set in October.

Reports cited a treasury department official of a government bank saying, 'We collected dollars at BDT 98 for over than two weeks. On December 5, the rate was increased to BDT 99. We purchased around USD 10 million from the central bank on December 6.'

Reports added the central bank sold USD 67 million to the state-owned banks on December 6.

Bangladesh Bank has increased the dollar price 10 times since July of the current financial year.

According to reports, USD 6.60 billion has been sold from reserves in about five months of the current financial year. Reserves stood at around USD 33.98 billion at the end of the day on December 6. In 2021-22, USD 7.62 billion was sold from reserves.

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